Re: Vietnam and Mexico

[Jim Devine <jdevine03@xxxxxxxxx>]

Larry Elliott of the GUARDIAN  writes:
>lexander Hamilton, the first US Treasury secretary, dissented from
this view. In a package presented to Congress in 1791, he proposed
measures to protect America's infant industries. America went with
Hamilton rather than Smith. For the next century and a half, the US
economy grew behind high tariff walls, with an industrial tariff that
tended to be above 40% and rarely slipped below 25%. This level of
support is far higher than the US is prepared to tolerate in the trade
negotiations now under way. <

he's got the date wrong. The US didn't follow Hamilton (for a
sustained period) until 1861 or so, when the South pulled out of
Congress and couldn't vote against protection.
--
Jim Devine
"Segui il tuo corso, e lascia dir le genti." (Go your own way and let
people talk.) -- Karl, paraphrasing Dante.